Confused about the $8,000 Tax Credit?

If you are still confused about the $8,000 Tax Credit then you need to keep reading. The tax credit is still available, but will end on November 30, 2009. That means if you are a first time home buyer and have not found a home and negotiated a contract on it, you need to call me today to get started on your path to home ownership and the best thing your Uncle Sam is ever going to give you. Time is ticking away and you need atleast 30 days from the time of contract exection to the closing date. Not sure if you qualify? If you have never owned a home, you qualify. If you have not owned a principle residence in the last three years, you qualify.

What does the credit actually mean for you? The credit from Uncle Sam is 10% of the home’s purchase price up to $8,000. The only repayment required is if you sell the home within three years of the purchase. Are there any income restrictions? The limit on income is $75,000 for a single person or $150,000 for a married couple. Call me today to get started because time is ticking away and your free money from Uncle Sam will be gone!

A native of Columbus, Georgia, and a graduate of the University of Georgia, Shannon has lived in the Houston area since 2004. She holds over nine real estate Certifications and Designations. Shannon is the host of "Houston Real Estate Radio" on am700 KSEV in Houston.

Brandy,
You should be able to close on or before November 30th if you have been pre-approved with a lender. I would be happy to assist you with the pre-approval process. I am always happy to answer any questions you may have. I can be reached at 832-724-0740 or email me at denise@wsmortgageonline.com.

RicardoOctober 20, 2009

Not so much confused as confused about how to get started. I have picked out the home. I would like to make an offer. Can you help me get set up to make the offer?

Shannon Register, RealtorOctober 19, 2009

Brandy, give me a call tomorrow. I would love to tell you definitely yes but there are a lot of variables in a transaction. If you desire to take advantage of this offer, I can tell you the earlier you start, the more likely there is time to get to a closing before the limit.

BrandyOctober 19, 2009

If I put in a contract on a house by November 1 do you think i still have time to get the credit?